Tyler Technologies (NYSE:TYL) Given New $500.00 Price Target at Needham & Company LLC

Key Points

• Needham raised Tyler Technologies’ price target from $400 to $500 and maintained a “buy” rating, implying approximately 29% upside. Analysts overall rate the stock “Moderate Buy,” with an average target of $442.78.
• Tyler Technologies reported quarterly EPS of $3.08, exceeding estimates by $0.03, while revenue rose 8.2% year over year to $645.1 million, slightly below expectations.
• Institutional investors own 93.3% of the company, though executives recently sold shares, including the COO’s $3.0 million transaction and the CEO’s $3.4 million sale.

Tyler Technologies (NYSE:TYL - Get Free Report) had its price objective boosted by equities researchers at Needham & Company LLC from $400.00 to $500.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a "buy" rating on the technology company's stock. Needham & Company LLC's target price would indicate a potential upside of 29.35% from the stock's current price.

Several other equities analysts also recently commented on TYL. Zacks Research downgraded Tyler Technologies from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 2nd. Guggenheim initiated coverage on shares of Tyler Technologies in a research note on Wednesday, July 22nd. They set a "buy" rating and a $440.00 price target for the company. TD Cowen lifted their price target on shares of Tyler Technologies from $400.00 to $450.00 and gave the stock a "buy" rating in a report on Monday. The Goldman Sachs Group downgraded Tyler Technologies from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $395.00 to $345.00 in a report on Thursday, October 8th. Finally, Wells Fargo & Company upgraded Tyler Technologies from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $335.00 to $400.00 in a report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $442.78.

Tyler Technologies Stock Performance

TYL opened at $386.56 on Tuesday. The business's 50-day moving average price is $348.75 and its two-hundred day moving average price is $338.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market capitalization of $15.83 billion, a price-to-earnings ratio of 51.27, a P/E/G ratio of 2.57 and a beta of 0.85. Tyler Technologies has a 1 year low of $270.71 and a 1 year high of $517.51.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.05 by $0.03. The company had revenue of $645.10 million for the quarter, compared to analysts' expectations of $647.95 million. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. Tyler Technologies's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.91 EPS. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Equities analysts expect that Tyler Technologies will post 10.13 EPS for the current fiscal year.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, COO Jeffrey Puckett sold 8,500 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $356.44, for a total transaction of $3,029,740.00. Following the completion of the transaction, the chief operating officer owned 7,784 shares in the company, valued at approximately $2,774,528.96. This trade represents a 52.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 9,250 shares of the business's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $372.79, for a total transaction of $3,448,307.50. Following the completion of the transaction, the chief executive officer owned 100,392 shares in the company, valued at $37,425,133.68. This trade represents a 8.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Tyler Technologies

Several large investors have recently modified their holdings of TYL. BlackRock Inc. acquired a new position in Tyler Technologies in the second quarter valued at $1,129,890,000. Principal Financial Group Inc. grew its holdings in Tyler Technologies by 20.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company's stock worth $597,681,000 after acquiring an additional 291,564 shares during the period. Bank of America Corp DE grew its holdings in Tyler Technologies by 10.5% during the 1st quarter. Bank of America Corp DE now owns 405,095 shares of the technology company's stock worth $138,696,000 after acquiring an additional 38,508 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Tyler Technologies by 13.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 400,775 shares of the technology company's stock worth $117,211,000 after acquiring an additional 48,832 shares in the last quarter. Finally, Deutsche Bank AG bought a new position in shares of Tyler Technologies in the 2nd quarter worth about $88,645,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

About Tyler Technologies

Tyler Technologies, Inc provides integrated software and technology services to public-sector organizations. Its customers include municipalities, counties, states, courts, school districts, public safety agencies, and other government entities. The company's solutions are designed to help public organizations manage operations, improve service delivery, and engage with residents and constituents.

Tyler's product portfolio includes enterprise resource planning and financial management software, property tax and appraisal systems, court and justice solutions, public safety and emergency communications platforms, permitting and licensing tools, and software for schools and elections.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.